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And HMRC wouldn’t really care that I withdrew a tiny amount of money from the company but didn’t pay VAT? Is this favouring creditors?
When I withdrew the money the company was trading, solvent, but hadn’t yet filed VAT returns or paid VAT
Hi Scalloway,
That's putting my mind at ease a little. Even though I have an outstanding bill of £800 for VAT, I'm assuming HMRC will also charge interest every day this is outstanding? Would they count this towards what I owe?
I haven't had anything to say they did charge interest but...
Hi Scalloway,
This was initially my thought, and you make a good point. Would me never filing any accounts or PAYE just VAT make a difference? HMRC don't actually know how much money ever came in or out of the company, how much VAT.
Would they not consider the messy accounts enough of an...
Hi Lisa,
The biggest stress is the fear of being disqualified as a director
I could pay the VAT, but would HMRC not investigate me as I never submitted corp tax, accounts, or PAYE (I had some specific charges from PAYE).
Would a company that filed & paid VAT returns, but no accounts or...
Hi Gyumri, thanks for the kind words. I know there's a lot of crooks out there who regularly try to avoid debts, and that's not me. Current accountant advises me not to worry and that keeping it dissolved is best, but the constant looking over your shoulder feeling has me extremely stressed.
Hi there, no there wasn't. I was misinformed at the time, and thought I needed to be registered.
Ultimately I didn't, but we can't change the past unfortunately. My current accountant is advising me to simply keep the company dissolved, but it seems fraudulent, and dishonest.
Hi Paul, yes this is true, but the while no dishonest or fraudulent activity was taking place the businesses accounts were a bit of a mess at the time of dissolution. This makes me afraid that HMRC will investigate further, and the lack of accounts could result in director disqualification.
If...
Hi all,
Firstly thanks for reading :)
I recently had a company that while it did trade, sales were tiny. Less than £5k in total sales. Due to some personal issues, I stopped working on the business, and also, the accounting & filing records. Because we didn't submit any returns, the company...